• Short USD/NGN carry trade looks slightly more attractive at this stage

    Source: FxWire Pro - Commentary / 26 Nov 2014 00:08:41   America/New_York

    Quotes from Standard Chartered:

    -The short USD-NGN carry trade looks slightly more attractive at this stage, given the higher rates and base in the exchange rate. The likely correction in bond yields will offer moderate value in the short term, but the medium-term risk-reward still probably favours the short end.

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